RBI Governor Shaktikanta Das gets 3-year extension
New Delhi Oct 29 PTI The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years up to December 2024 according to an official order Das was appointed the RBIs 25th governor on December 11 2018 for a period of three years after the abrupt resignation of his predecessor Urjit Patel An official order dated October 28 said that the government has reappointed Das as the Governor of the central bank for a period of three years beyond December 10 2021 The decision was taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi The Appointments Committee of the Cabinet has approved the reappointment of Shri Shaktikanta Das IAS Retd TN80 as Governor Reserve Bank of India for a period of three years beyond 10122021 or until further orders whichever is earlier the order said With the extension the former IAS officer of Tamil Nadu cadre will head the RBI till December 2024 He is the first RBI Governor to get extension after the BJP-led government came to power in 2014 Raghuram Rajan was denied extension in 2016 while Urjit Patel quit before completion of his three-year term Das 1980 batch officer played an important role in steering the economy during the COVID-19 period Under his leadership RBI announced more than 100 measures to maintain financial stability and push growth during the unprecedented crisis To steer the economy out of the woods triggered by a once-in-a-century pandemic he took both conventional and unconventional measures The Monetary Policy Committee MPC headed by him brought down the benchmark interest rate to record low of 4 per cent last year in May and since then it has maintained an accommodative stance to support the economy The governments largest ever borrowing of Rs 1260 lakh crore was also conducted smoothly In his earlier stint as Economic Affairs Secretary from 2015 to 2017 Das worked closely with the central bank and oversaw demonetisation of high-value notes in late 2016 After his retirement he was named Indias G-20 sherpa and was also appointed as a member of the 15th Finance Commission PTI DP DRR DRR
New Delhi Oct 29 PTI The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years up to December 2024 according to an official order Das was appointed the RBIs 25th governor on December 11 2018 for a period of three years after the abrupt resignation of his predecessor Urjit Patel An official order dated October 28 said that the government has reappointed Das as the Governor of the central bank for a period of three years beyond December 10 2021 The decision was taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi The Appointments Committee of the Cabinet has approved the reappointment of Shri Shaktikanta Das IAS Retd TN80 as Governor Reserve Bank of India for a period of three years beyond 10122021 or until further orders whichever is earlier the order said With the extension the former IAS officer of Tamil Nadu cadre will head the RBI till December 2024 He is the first RBI Governor to get extension after the BJP-led government came to power in 2014 Raghuram Rajan was denied extension in 2016 while Urjit Patel quit before completion of his three-year term Das 1980 batch officer played an important role in steering the economy during the COVID-19 period Under his leadership RBI announced more than 100 measures to maintain financial stability and push growth during the unprecedented crisis To steer the economy out of the woods triggered by a once-in-a-century pandemic he took both conventional and unconventional measures The Monetary Policy Committee MPC headed by him brought down the benchmark interest rate to record low of 4 per cent last year in May and since then it has maintained an accommodative stance to support the economy The governments largest ever borrowing of Rs 1260 lakh crore was also conducted smoothly In his earlier stint as Economic Affairs Secretary from 2015 to 2017 Das worked closely with the central bank and oversaw demonetisation of high-value notes in late 2016 After his retirement he was named Indias G-20 sherpa and was also appointed as a member of the 15th Finance Commission PTI DP DRR DRR
